Business Combinations and Asset Acquisitions (Tables)

May 10, 2022

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table represents the allocation of the total cost of the transaction to the assets acquired and liabilities assumed (in thousands):

Total Cost
Cash consideration	$	583,373
Fair value of contingent consideration	16,933
Deferred acquisition liability	50,000
Total Consideration	650,306
Transaction costs	10,916
Total Cost of Transaction	$	661,222
Allocation of Total Cost
Assets
Accounts receivable, net	$	1,594
Oil and gas properties	666,360
Right of use assets	187
Total assets	668,141
Liabilities
Accounts payable and accrued liabilities	5,275
Lease liability	187
Asset retirement obligations	1,457
Total Liabilities	6,919
Net Assets Acquired	$	661,222